World News
BUNKER PRICES: G20-VLSFO Index Jumps to 12-Week High
Bunker fuel prices mostly advanced at ports around the world on Monday, with global average VLSFO prices jumping to the highest level in almost 12 weeks.
Ship & Bunker's G20-VLSFO Index of prices across 20 leading bunkering ports gained $12/mt to $608.50/mt on Monday, reaching its highest level since October 24.
The G20-HSFO Index rose by $15.50/mt to $521/mt, while the G20-MGO Index surged by $24.50/mt to $798.50/mt.
ICE Brent crude futures jumped by $1.25/bl to $81.01/bl on Monday.
VLSFO prices at the top four ports followed a positive trend. At Singapore prices gained $16.50/mt to $599/mt, at Rotterdam they advanced by $9/mt to $550/mt, at Fujairah they jumped by $15/mt to $588/mt, and at Houston they rose by $8.50/mt to $595/mt.
On Tuesday morning Brent futures were trading down by $0.60/bl from the previous session's close at $80.41/bl as of 7:42 AM in London. In metric tonne terms that would be equivalent to a $4.52/mt fall on the day in bunker prices.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 599.00 | 16.50 | 742.50 | 35.50 |
| Rotterdam | 550.00 | 9.00 | 707.00 | 24.50 |
| Houston | 595.00 | 8.50 | 756.50 | 22.50 |
| Fujairah | 588.00 | 15.00 | 785.50 | 23.00 |
| Global 20 Ports Average | 608.50 | 12.00 | 798.50 | 24.50 |
| Global 4 Ports Average | 583.00 | 12.50 | 748.00 | 26.50 |
| Global Average Bunker Price | 649.50 | 8.00 | 835.50 | 14.50 |
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